> Chapwood Index This is complete and utter non-sense and engaging some simple math skills shows why: > But if we take away the outlier 2020 data points, the

> Chapwood Index This is complete and utter non-sense and engaging some simple math skills shows why: > But if we take away the outlier 2020 data points, the average real annual GDP growth from 2010-2019 was 2.3%. The inflation rate in that time averaged roughly 1.8% per year. > If you’re one of the conspiracy people who believe inflation has actually been running at 5-6% per year, that would assume the economy has been contracting by 1-3% per year over the past 10 years. > And if you’re a full tinfoil hat person who assumes inflation is actually 10-12% per year[fn2], that’s like saying we’ve been in a full-blown depression and the economy has lost 80% of its value. > This is absurd and patently false but that’s the claim you’re making if you really think inflation is this high. * https://awealthofcommonsense.com/2021/01/inflation-truthers/ https://awealthofcommonsense.com/2021/01/inflation-truthers/ [fn2] is a link to the Chapwood Index. If inflation is >10% as Chapwood claims, but growth was only 2-3%, then that would mean there was >7% deflation in real terms. If we had really deflation that big the economy would be collapsing à la the Great Depression. To repeat the key line: > And if you’re a full tinfoil hat person who assumes inflation is actually 10-12% per year, that’s like saying we’ve been in a full-blown depression and the economy has lost 80% of its value.